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Sebi sets rules for transfer of securities in physical mode
Markets regulator Sebi on Tuesday put in place a standard framework for transfer of securities in physical mode, in a bid to address the difficulties faced by investors in transmission of such shares. The regulator has noted that registrars to an issue and share transfer agents (RTAs) are seeking various documents for effecting transfer of securities and the documents sought vary across such RTAs. Besides, the Sebi has also received representations, highlighting difficulties faced by transferees in providing these documents.
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